Opening a business bank account

[saptastic]

Hello,

I rent the property that I currently live at and per the terms of the lease cannot register a business here. However, my partner owns a property and I have registered a company at that address.

As the registration address does not match my residential address, how would I go about opening a business bank account? More importantly, as the mortgage is in my wife's name and she's not listed a director on the company, is this a further complication?

On a side note, are any banks recommended over others? I notice that Barclays have a pretty good Startup offering.

Thank you.

PS - I will most likely be contracting for 4-to-6 months, am currently in between jobs.

It shouldnt matter if the business is registered elsewhere relative to your home address when opening the bank a/c.
I would try Cater Allen as this is free Free business bank account l IT contractor bank account l Cater Allen free banking :: Contractor UK
This works well for me.

[GillsMan]

Hello,

I rent the property that I currently live at and per the terms of the lease cannot register a business here. However, my partner owns a property and I have registered a company at that address.

Does it specifically say that you cannot register a business at that address? Or does it say that you can't operate a business there.

The reason they have that clause is because of Landlord insurance, which usually prohibits this companies operating from a residential premises where stock is held or customers/clients come and visit. However, they do allow for a small amount of general admin to be performed at the premises, so in that case, it's rarely a problem.

Explain this to the LL and you should be fine.

But yeah, probably best to go umbrella for that short amount of time.

[Maslins]

Wouldn't it just be easier to go Umbrella for that length of time?

Given you suggest you'll be contracting for only 4-6 months, I'd recommend this.

Possible exception if you're earning big bucks generally and don't need the cash from this short term gig immediately, in which case the company might be useful.

[Sausage Surprise]

Hello,

I rent the property that I currently live at and per the terms of the lease cannot register a business here. However, my partner owns a property and I have registered a company at that address.

As the registration address does not match my residential address, how would I go about opening a business bank account? More importantly, as the mortgage is in my wife's name and she's not listed a director on the company, is this a further complication?

On a side note, are any banks recommended over others? I notice that Barclays have a pretty good Startup offering.

Thank you.

PS - I will most likely be contracting for 4-to-6 months, am currently in between jobs.

Cater Allen is free

[Scrag Meister]

Or have the registered address as your accountants.

[northernladuk]

Wouldn't it just be easier to go Umbrella for that length of time?

[insomniac]

Hello,

I rent the property that I currently live at and per the terms of the lease cannot register a business here. However, my partner owns a property and I have registered a company at that address.

As the registration address does not match my residential address, how would I go about opening a business bank account? More importantly, as the mortgage is in my wife's name and she's not listed a director on the company, is this a further complication?

On a side note, are any banks recommended over others? I notice that Barclays have a pretty good Startup offering.

Thank you.

PS - I will most likely be contracting for 4-to-6 months, am currently in between jobs.